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dc.contributor.authorChristiaensen, Lucen_US
dc.contributor.authorPan, Leien_US
dc.date.accessioned2011-01-13en_US
dc.date.accessioned2011-12-15T13:15:14Z-
dc.date.available2011-12-15T13:15:14Z-
dc.date.issued2010en_US
dc.identifier.isbn978-92-9230-363-1en_US
dc.identifier.urihttp://hdl.handle.net/10419/53976-
dc.description.abstractContrary to the popular notion that money that is easily earned, is also easily spent, economic theory holds that income is fungible. Drawing on the concept of mental accounting, this study theoretically explores when such a link between spending behaviour and the effort dispensed in obtaining income is plausible. Empirically, it is found that the marginal propensity to consume from unearned income is about three times larger than that from earned income, based on household panel data from rural China, with the difference more pronounced when unearned income is transitory and smaller than earned income. The policy implications are real.en_US
dc.language.isoengen_US
dc.publisherWIDER Helsinkien_US
dc.relation.ispartofseriesWorking paper // World Institute for Development Economics Research 2010,125en_US
dc.subject.jelD01en_US
dc.subject.jelD11en_US
dc.subject.jelD12en_US
dc.subject.jelO12en_US
dc.subject.ddc330en_US
dc.subject.keywordtransfersen_US
dc.subject.keywordsavingen_US
dc.subject.keywordmental accountingen_US
dc.subject.keywordpermanent income hypothesisen_US
dc.subject.keywordChinaen_US
dc.subject.stwEinkommenshypotheseen_US
dc.subject.stwVerbraucherausgabenen_US
dc.subject.stwChinaen_US
dc.titleTransfers and development: Easy come, easy go?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn643904565en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Working Papers, United Nations University (UNU)

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